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May
Standard Chartered Bank claims today that it is now the largest issuer of renminbi-denominated euro commercial paper out of London, providing a new instrument for investors and trade.
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Bank of China has gone live with an online banking system using Customer Enterprise by trade finance solutions provider China Systems.
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Commerzbank has made a new hire in Tokyo, boosting its trade presence in the Japanese and East Asian market.
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FMO, the Netherlands development finance company, has arranged a syndicated loan for Khan Bank in Mongolia, the first of its kind in the country’s history.
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JBIC has signed agreements for equity participation in fund Japan Infrastructure Investment Partners.
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HSBC has created a new role within its Asia-Pacific trade and receivables finance department and appointed a head.
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A new study by the IADB and ADB outlines the potential for greater trade, investment and cooperation between the two dynamic regions.
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The US export credit agency has signed a memorandum of understanding with the Development Bank of Mongolia, to develop trade in a market in which it has little exposure.
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April
A world of opportunity in commodities – by Paul Gardner, head of structured trade and export finance, Asia, at Deutsche Bank in Singapore.
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ABN AMRO has today opened its new representative office in Shanghai, with its initial focus on the bank’s energy, commodities and transportation (ECT) business in the region.
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According to data from Swift, after Hong Kong, the largest contribution to global RMB payments now comes from Europe.
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Citi has arranged JBIC-backed buyer credits for the export of container ships to to SITC International Holdings Company Limited in Hong Kong.
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Japanese banks BTMU and SMBC have issued a loan to Denmark’s Moller-Maersk for the purchase of three Korean-built containerships under a guarantee from K-sure.
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The Japan Bank for International Cooperation (JBIC) has signed a loan with Thailand’s Kasikornbank to onlend to flood-hit Thai-based subsidiaries of Japanese firms.
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The Bank of Fukuoka and the Japan Bank for International Cooperation (JBIC) have co-financed the first overseas operation of Matsumoto Industry.
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Citi appoints Amol Gupte head of transaction services for Asia-Pacific.
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The Export-Import Bank of China is planning to open its first US office in the state of Maryland.
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Hodaka Shoji, formerly head of global trade finance at Mizuho’s New York office, has relocated to Japan to begin a secondment at Nexi.
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Timing is everything in politics, and the succession process in China heralds an opportunity for the US to make some progress on what has historically been a prickly relationship, especially when it comes to trade.
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Vitol Asia approaches banks for RCF, while Vitol secures additional jumbo European trade finance line.
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China is now the largest factoring market overtaking the UK for the first time, according to statistics by Factors Chain International.
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Legislation spinning JBIC off from Japan Finance Corporation has come into effect.
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Award-winning trade finance transactions from the Asia Pacific region, signed in calendar year 2011 – as selected by the Trade Finance Magazine editorial team.
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The Multilateral Investment Guarantee Agency (MIGA) has agreed to provide loan guarantees for a wastewater treatment project in China.
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The Chinese carrier, China Southern Airlines, closes debt for an Airbus A330-200 guaranteed by UK Export Finance.
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Former Toyota president Hiroshi Okuda takes charge of new JBIC.
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JBIC and BTMU are extending an export credit line to Afreximbank to expand overseas markets for Japanese businesses.
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March
JBIC and BNDES have signed a memorandum of understanding to cooperate in third countries.
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UK signs free trade agreement with South Korea.
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JP Morgan offers its reaction to the PBOC’s bilateral currency swap with the Reserve Bank of Australia, a move expected to boost renminbi trade settlement.
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The EBRD is extending a loan for the development of Mongolia’s first wind energy project – the Salkhit wind farm.
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PBOC’s bilateral currency swap with the Reserve Bank of Australia will help boost renminbi trade settlement.
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Export-Import Bank of Korea joins IADB´s Trade Finance Facilitation Programme.
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Korea and IADB establish public capacity building fund for economic development.
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IADB and JICA to invest up to $600 million in green energy in Central America and the Caribbean.
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ADB President Haruhiko Kuroda attends IADB’s Annual Meeting to discuss ways to increase ties between the regions.
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IADB and China Exim have moved forward with plans to create an equity investment platform for Latin America and the Caribbean.
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The Japan Bank for International Cooperation (JBIC) has agreed to provide a guarantee for yen-denominated foreign bonds issued by the Turkish government in the Japanese market.
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Korea Development Bank and Standard Charted Bank lead an asset backed securities deal on behalf of South Korea’s Asiana Airlines.
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Deutsche Bank appoints two global transaction banking heads for Indonesia and Vietnam.
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The Chinese subsidiary of Korean polyester film producer SKC has received a loan from SMBC under cover from Korean export credit agency K-sure.
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The government of Mongolia and the Japan Bank for International Cooperation have signed a memorandum of understanding to provide credit lines supporting Japanese business in the country.
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Citi has launches a new trade desk in Shanghai to serve as a link for Latin American clients looking to do more business in Asia.
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Last year Japanese firms recorded the highest level of mergers and acquisitions for 16 years, but a temporary scheme set up to promote this activity has had little usage.
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The People’s Bank of China (PBOC) widens renminbi trade settlement scheme to include all mainland Chinese exporters.
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Sinosure’s short term export risk index (ERI) launched this week shows that France, UK and Germany have second-tier risk ratings, and are expected to fall.
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Air China took delivery of an Airbus A321-200 yesterday, 29 February 2012, financed with an export credit agency loan and a French optimised lease structure.
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February
UniCredit has made a strategic hire for its structured trade and export finance team in Hong Kong.
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Agricultural Bank of China has opened a branch in South Korea.
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Bank of America Merrill Lynch (BofAML) has revealed the results of its inaugural CFO Outlook Asia research poll.
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Standard Chartered launches programme to deliver fast, reliable US dollar payments to Asia.
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A club of Japanese banks and export credit agency JBIC have committed nearly $3 billion in funding for Sony and Toshiba’s overseas acquisitions.
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Swedish export credit agency EKN has covered payments from Indian and Chinese companies to purchase the exclusive rights to sell Bactiguard healthcare products in those countries.
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The Royal Bank of Scotland has launched a new China desk to coordinate trade flows between China and EMEA.
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Export Development Canada (EDC) signs agreement with China’s ICBC Leasing at Singapore Air Show.
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Export Development Canada and China Development Bank partner to bolster commercial trade.
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Interpreting yesterday’s White House announcement, John Geddie considers whether China is really ready to give up the competitive advantage state subsidies allow, and if any proposed international working party on export credit will involve the OECD?
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Financial industry agrees offshore RMB guidelines to ensure straight-through processing of offshore Chinese currency.
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Australian export credit agency EFIC and the Export-Import Bank of China (China Exim) have signed a reciprocal risk participation agreement.
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JP Morgan has arranged an export credit loan to finance the Korean Air’s first Boeing 747-8 freighter.
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The latest round of funding for Hyundai Steel’s Danjin plant brought in six export credit agencies and seven international banks. John Geddie delves into the deal and considers whether it represents a shift towards increased cross-border export finance activity in 2012.
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Japanese export credit agency Nexi has signed a reinsurance agreement with Hong Kong Export Credit Insurance Corporation.
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IADB supports efforts to strengthen Asia-Latin America trade and investment ties through the Trans-Pacific Partnership.
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GE Capital has provided an asset based loan to Glasgow-based safety equipment and work-wear supplier Willis Safety.
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Austria’s Raiffeisen Bank International has structured a financing package partly backed by OeKB to finance the construction of a tissue paper plant in China.
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January
The Asian Development Bank has arranged an A/B loan for renewables firm China Everbright to fund its waste-to-energy projects in China.
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Chinese export credit agency Sinosure is guaranteeing a buyer credit loan to ArcellorMittal for work on the now-suspended Monlevade steel plant expansion in Brazil.
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China’s export credit insurer Sinosure celebrated its tenth anniversary in December as its underwriteen short-term insurance business hit record highs.
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Misys opens centre of excellence in Beijing in response to significant growth in Chinese business.
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European export credit agencies back China Southern’s purchase of an Airbus A380.
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SMBC has appointed a new group head in Seoul and a new head of trade in Dubai.
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SMBC and the Japan Bank for International Cooperation (JBIC) have signed a cofinancing for a power supply project in Indonesia.
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The Export-Import Bank of Korea and Kazakhstan’s Kazkommertsbank have signed a bilateral loan agreement.
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While the US and Europe struggle, the Asia-Pacific region has prospered, propping up global prices for commodities across the spectrum from metals and minerals to food and cooking oils. Graeme Burton examines the scene.